Hanover, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Hanover Neighborhoods Since 2000




Hanover, NH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hanover Housing Market Information

With 11,416 people, 2,885 houses or apartments, and a median cost of homes of $553,495, Hanover house prices are not only among the most expensive in New Hampshire, Hanover real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Hanover, accounting for 65.43% of the town's housing units. Other types of housing that are prevalent in Hanover include large apartment complexes or high rise apartments ( 23.04%), duplexes, homes converted to apartments or other small apartment buildings ( 7.39%), and a few row houses and other attached homes ( 3.68%).

The most prevalent building size and type in Hanover are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 38.59% owning and 61.41% renting.

There is a lot of housing in Hanover built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hanover built between 1940-1969 ( 25.14%). A lesser amount of the housing stock also hails from before 1939 ( 22.56%). There's also some housing in Hanover built between 2000 and later ( 11.19%).

Hanover Home Appreciation Rates

Appreciation rates for homes in Hanover have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 16.92%, which ranks in the top 30% nationwide. This equates to an annual average Hanover house appreciation rate of 1.58%.

Over the last year, Hanover appreciation rates have trailed the rest of the nation. In the last twelve months, Hanover's appreciation rate has been 3.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hanover were at 0.91%, which equates to an annual appreciation rate of 3.67%.

Relative to New Hampshire, our data show that Hanover's latest annual appreciation rate is lower than 90% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$553,495

Hanover, NH HOME PRICES

Value Range
> $1,105,000 8.6
$829,001 - $1,105,000 11.5
$553,001 - $829,000 25.5
$442,001 - $553,000 21.8
$331,001 - $442,000 16.1
$221,001 - $331,000 6.5
$111,001 - $221,000 8.8
$55,001 - $111,000 0.7
$0 - $55,000 0.6

Very High for NH
Very High for Nation

Value Relative to Nation Value Relative to State
5.1349610632941 1.27388535031847

Number Of Homes And Apartments:
2,885

Hanover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
86.25% 3.57% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,962 / per month

Homeownership Rate

Homeownership
Owners 38.59
Renters 61.41
Vacant 9.33

Housing Market Details

 

Age of Homes

AGE OF Hanover HOMES
2000 or Newer 11.2
1970 - 1999 41.1
1940 - 1969 25.1
1939 or Older 22.6

Types of Homes

TYPE OF Hanover HOMES
Single-Family 65.4
Townhomes 3.7
Small Apt. Buildings 7.4
Apt. Complexes 23.0
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Hanover HOMES
No Bedroom 4.34
1 Bedroom 13.20
2 Bedrooms 20.43
3 Bedrooms 25.08
4 Bedrooms 24.36
5 or more bedrooms 12.60